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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2023
EARNINGS PER SHARE |
Schedule of earnings per common share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
(in thousands, except per share data) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Basic | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income available to common shareholders | ​ | $ | 14,804 | ​ | $ | 10,533 | ​ | $ | 39,616 | ​ | $ | 32,370
Less: Earnings allocated to participating securities | ​ | ​ | (83) | ​ | ​ | (76) | ​ | ​ | (228) | ​ | ​ | (247)
Net income allocated to common shareholders | ​ | $ | 14,721 | ​ | $ | 10,457 | ​ | $ | 39,388 | ​ | $ | 32,123
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Weighted average common shares outstanding including participating securities | ​ | ​ | 10,388,909 | ​ | ​ | 8,265,186 | ​ | ​ | 10,186,107 | ​ | ​ | 7,796,259
Less: Participating securities (1) | ​ | ​ | (58,130) | ​ | ​ | (59,272) | ​ | ​ | (58,399) | ​ | ​ | (59,170)
Average shares | ​ | ​ | 10,330,779 | ​ | ​ | 8,205,914 | ​ | ​ | 10,127,708 | ​ | ​ | 7,737,089
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per common shares | ​ | $ | 1.43 | ​ | $ | 1.26 | ​ | $ | 3.89 | ​ | $ | 4.15
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income available to common shareholders | ​ | $ | 14,804 | ​ | $ | 10,533 | ​ | $ | 39,616 | ​ | $ | 32,370
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding for basic earnings per common share | ​ | ​ | 10,330,779 | ​ | ​ | 8,205,914 | ​ | ​ | 10,127,708 | ​ | ​ | 7,737,089
Add: Dilutive effects of stock based compensation awards | ​ | ​ | 22,842 | ​ | ​ | 22,283 | ​ | ​ | 23,282 | ​ | ​ | 20,637
Average shares and dilutive potential common shares | ​ | ​ | 10,353,621 | ​ | ​ | 8,228,197 | ​ | ​ | 10,150,990 | ​ | ​ | 7,757,726
Diluted earnings per common share | ​ | $ | 1.43 | ​ | $ | 1.26 | ​ | $ | 3.89 | ​ | $ | 4.15
(1) | Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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